BSP fine-tunes loan rules
THE CENTRAL BANK has fine-tuned regulatory guidelines on debts left unpaid for a certain period of time to align with global standards and ease...
Peso slips on rate cut bets as inflation slows
THE PESO weakened on Thursday despite positive developments regarding the US-China trade war and slower Philippine inflation in August.
Peso rises on Brexit deal, weak US data
THE PESO rose further on Friday on the back of positive Brexit developments and a series of weak US data.
Peso weakens slightly as ECB delays taper
THE peso was little changed on Friday, with sideways moves driven by profit-taking in the dollar and the European Central Bank (ECB)’s decision to...
Peso weakens vs the dollar on higher oil prices
THE PESO weakened versus the greenback on Thursday as oil prices soared to multi-year highs.
Bourse lifts DHI trading suspension
THE PHILIPPINE Stock Exchange (PSE) on Tuesday lifted the suspension on trading of Dominion Holdings, Inc. (DHI) shares after the company complied with regulatory...
Gov’t debt yields end flat
YIELDS OF government securities (GS) barely moved last week following the start of the government’s retail Treasury bond (RTB) sale.
Enacting an anti-COVID budget
By J. Albert Gamboa
Finance Secretary Carlos Dominguez III has stated time and again that the 2021 national budget is crucial to the recovery of our pandemic-ravaged economy. In media briefings, he said there is no Plan B and if the passage of the appropriations bill is delayed, the government will have to operate on a reenacted budget just like in the first quarter of 2019. In hindsight, we know about its dire repercussions on the country’s GDP growth last year.
Smaller banks must partner with fintechs, big players to digitalize
SMALLER BANKS must collaborate with financial technology (fintech) companies or bigger lenders to ensure that they can keep up with emerging digital trends.
“If you...
Open payments platform SynerFi onboards eight rural banks
OPEN PAYMENTS platform SynerFi has onboarded eight rural banks, allowing them to process transactions via InstaPay to expand the use of digital payments in...
T-bills to fetch higher rates amid uncertainties
YIELDS ON Treasury bills (T-bills) on offer on Monday, April 6, will likely climb anew as investors prefer cash amid uncertainties, with the government...
Peso strengthens further vs dollar on vaccine hopes
THE PESO strengthened versus the dollar on Monday as the country continued to record fewer cases of the coronavirus disease 2019 (COVID-19) and amid hopes for a vaccine availability in the United States by next month.